When black diamond jewelry comes to an end, ‘I feel like a thief’
In the end, a $15,000 platinum diamond earring that the rapper Black Diamond has worn for more than five years will be gone, but a collection of diamonds and other precious metals that he wore for so long is not.
“I feel really bad for it,” he told ABC News.
“I didn’t want to be like, ‘This is the only thing I can wear now.’
I’m really sad.
Diamonds and metals can be valuable, but the price of a single gold bar at auction is well above the value of a diamond ring.
The rapper is one of many who have suffered for the jewelry industry’s inability to bring in new customers and to protect them from the threats that came with the rise of the digital economy.
In a new report from the nonprofit Institute for Policy Integrity, more than 3,000 jewelry makers were cited in 2012 for failing to properly regulate their production and distribution.
A number of the companies that did get caught were found guilty of violations of anti-trust laws, but none were found to be violating the Sherman Act.
According to the report, the industry is not doing enough to prevent the potential destruction of diamonds by cyber criminals, the loss of precious metals from mining and the potential for theft from jewelry makers.
The industry has been a major source of revenue for the United States, which produces about $300 billion worth of diamonds, with the vast majority of the diamonds mined in South Africa, China and India.
But the U.S. is in the midst of a massive decline in the demand for diamonds, according to an industry analyst.
“The demand for gold is declining in the U., particularly the U, because it is less costly to mine and produces less,” said John Eiseman, president of the Institute for Strategic Research.
Diamonds are used in jewelry, but they are also prized for their artistic value.
The most prized diamonds are those with an average of more than $3 million in value, according the Institute.
To sell its diamonds, the jewelry maker must get a federal license, which requires that its diamonds are mined in the United, according a 2012 report from Bloomberg News.